Markets do a great job getting people short in the hole. Same
when things go up a lot and getting suckers to buy the
top.
This should really only happen to newbies in the market though.
It is made to look complicated with all the daily distractions.
It's frankly simple though, those controlling the game need to make
a spread on their inventory. This is why sticking with a plan is so
effective as it reduces the likelihood of being chopped up by noise
and fluctuations. It comes back around once the fleecing is over,
just gotta wait for it. Buy demand zones, sell supply zones.
Weakness/strength, that simple. No fomo ever.
I'm stoic, I enter at defined times when odds are in my favor,
then close the screen, and check back at the close to see how it
went. In the meantime, I can enjoy life, not waste my energy, etc.
I use the same strategy with swing trades as I do investments,
just different time frames. The majority of our long term wealth
has been made acquiring big fear pricing, 2009, 2018, 2020, etc.
type markets. It will be the same with this market if a major
capitulation would come. Nobody knows if it will or not, so wasting
time wondering is fruitless.
We are in the Smoky Mountains today, just beautiful, Gatlinburg,
TN. Life is good, enjoying it with my wife.
I appreciate you all..read the board in the mornings and near
the close.
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No relief from Fed anytime
Posted by racerick on 30th of Sep 2022 at 08:34 am
No relief from Fed anytime soon it looks like with this number.
From my trading journal notes
Posted by fundamentalvalues on 30th of Sep 2022 at 08:52 am
From my trading journal notes 09/30/2022:
Markets do a great job getting people short in the hole. Same when things go up a lot and getting suckers to buy the top.
This should really only happen to newbies in the market though. It is made to look complicated with all the daily distractions. It's frankly simple though, those controlling the game need to make a spread on their inventory. This is why sticking with a plan is so effective as it reduces the likelihood of being chopped up by noise and fluctuations. It comes back around once the fleecing is over, just gotta wait for it. Buy demand zones, sell supply zones. Weakness/strength, that simple. No fomo ever.
I'm stoic, I enter at defined times when odds are in my favor, then close the screen, and check back at the close to see how it went. In the meantime, I can enjoy life, not waste my energy, etc.
I use the same strategy with swing trades as I do investments, just different time frames. The majority of our long term wealth has been made acquiring big fear pricing, 2009, 2018, 2020, etc. type markets. It will be the same with this market if a major capitulation would come. Nobody knows if it will or not, so wasting time wondering is fruitless.
We are in the Smoky Mountains today, just beautiful, Gatlinburg, TN. Life is good, enjoying it with my wife.
I appreciate you all..read the board in the mornings and near the close.